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Small Business Relief

Helping small businesses weather uncertain times.

Supporting small business now more than ever is vitally important to their longevity and ability to weather the current economic times. Falcon National Bank has a long history of rallying around small business. Now more than ever, we stand behind that commitment.

Federal Disaster Loan Assistance Programs

In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. As a preferred SBA lender, Falcon National Bank can help you gain access to disaster funds and loan programs through the Small Business Administration (SBA).

> Paycheck Protection Program (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses/sole proprietors to keep their workers on the payroll. This program is no longer open for new applicants.

PPP – Forgiveness

If you currently have a PPP Loan through Falcon National Bank, we are now accepting applications for forgiveness.

For loans $150,000 and under:

Forgiveness must be granted by the SBA on or before the end of your 10-month grace period to avoid having to make payments on the loan. For borrowers with loans $150,000 or less, please complete your application through the SBA Direct Forgiveness Portal.

For loans greater than $150,000:

Forgiveness must be granted by the SBA on or before the end of your 10-month grace period to avoid having to make payments on the loan. To ensure timely processing of your PPP Forgiveness Application, please complete the forgiveness application and send it to your lender, along with all supporting documentation, in no less than 30-days prior to the end of your grace period.

Step #1: Visit the SBA's website to determine which PPP Forgiveness Application you are required to use (3508 EZ or 3508)

Step #2: Complete the appropriate application (3508 EZ or 3508), preferably with help from your CPA/accountant.

Return the completed signed application, along with the required supporting documentation to your lender via email, mail, or drop off at your nearest branch.

Note: We encourage borrowers to consult with their tax advisor, bookkeeper or CPA's when applying for forgiveness, tax implications and cross-program eligibility.

For more information, contact your lender or visit the US Treasury website.

> Economic Impact Disaster Loan (EIDL)

Designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue, this program provides the best opportunity to recover with the least amount of financial burden. It is being offered to all sectors of business across the United States: for profit, non-profit, non-public sectors. Apply directly with the SBA (not your financial institution). 

Note: If you also applied for and received a PPP Loan, the approved PPP Loan amount may have been reduced by the EIDL advanced amount. When applying for PPP Forgiveness, it is required to provide EIDL application number and EIDL advance amount. Because EIDL was applied for directly through the SBA, Falcon National Bank does not have access to that information. To obtain the information, please call the EIDL Hotline: 1.800.659.2955

We stand ready to help. Contact us today.

  • Access to Federal Disaster Relief Funds and SBA Loan Programs

  • Refinance and gain access to working capital

  •  Restructure existing debt to reduce current monthly payments

  •  Create peace of mind by having a solid plan to overcome the impact of these challenging economic times

 

William JohnsonTroy CameronAlex CameronKyle Knudson
320.230.1264320.492.4731320.230.9261320.402.4516
[email protected][email protected][email protected][email protected]

 

Jessica BitzTyler MesseroleLanee NobleBrandon Voit
320.248.6179612.270.2110763.235.3957320.968.2007
[email protected][email protected][email protected][email protected]

 

Alex WolterJason ErdmanMark HarrisPaula Capes
320.257.0543763.404.6999763.404.6997320.223.6301
[email protected][email protected]mharris@falconnational.compcapes@falconnational.com